The Continuing Evolution of Europe
Description
The European Union began with efforts in the Cold War era to foster economic integration among a few Western European countries. Today's EU constitutes an upper tier of government that affects almost every level of policymaking in each of its twenty-seven member states. The recent financial and economic crises have tested this still-evolving institutional framework, and this book surveys key economic challenges faced by the EU.
Prominent European economists examine such topics as the stability of the financial markets and possible policy options to reduce future vulnerability to crises, including Glass-Steagull-style narrow banking; the effect of emerging economies such as China and India on Europe's economic position; the protection of national interests in industrial policy; reforming and preserving the welfare state in the face of unemployment, population aging, and worker mobility within the EU; and improving the EU's institutional framework by reassigning responsibilities among supranational, national, and local governments.
Among the conclusions that emerge from these analyses are the necessity for banking regulation as well as budgetary discipline; the need to consider global as well as European integration; and the idea that an environment that fosters internal competition will increase Europe's competitiveness internationally.
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Wolfgang Ochel was Head of the International Institutional Comparisons Department at the Ifo Institute.
Thiess Buettner is Professor of Public Finance at the University of Erlangen?Nuremberg.
Wolfgang Ochel was Head of the International Institutional Comparisons Department at the Ifo Institute.
Paul De Grauwe is Professor of Economics at the Catholic University of Leuven, the author of The Economics of Monetary Union, and the editor of three previous books in the CESifo Seminar series.
Frank Westermann is Professor of Economics and Director of the Institute of Empirical Economic Research at Osnabrueck University, Germany.
John Whalley is Professor of Economics at the University of Western Ontario, Research Associate at NBER, and Coordinator of the Global Economy Group at CESifo.
Christian Gollier is Professor of Economics at the University of Toulouse.
Ludger Woessmann is Professor of Economics at the University of Munich and Director of the Ifo Center for the Economics of Education and Innovation. Hanushek and Woessmann are coauthors (with Paul E. Peterson) of Endangering Prosperity: A Global View of the American School.
Martin Werding is Head of the Department of Social Policy and Labor Markets at the Ifo Institute for Economic Research and the editor of Structural Unemployment in Europe: Reasons and Remedies (MIT Press, 2006).
Kai A. Konrad is Professor of Economics at Free University of Berlin and Director at the Social Science Research Center Berlin (WZB).
Thiess Buettner is Professor of Public Finance at the University of Erlangen?Nuremberg.
Rick van der Ploeg is Professor of Economics and Research Director of the Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
